Bhutan: Technical Assistance Report-SARTTAC Report on National Accounts Statistics Mission
IMF Staff Country Reports, March 23, 2018
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- Bhutan: Technical Assistance Report-SARTTAC Report on National Accounts Statistics Mission
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Bibliographic details
- Published: March 23, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484347256.002
Mission objective and scope
- Mission objective: assist the Bhutanese authorities in improving estimates of annual GDP, and in developing methods for compiling quarterly GDP estimates.
- Report date: March 23, 2018.
- Publication series: Country Report No. 2018/079, Issue 079, Volume 2018, Pages: 23.
- Identifiers: DOI: https://doi.org/10.5089/9781484347256.002; Stock No: 1BTNEA2018001; ISBN: 9781484347256; ISSN: 1934-7685.
Key findings
- The National Statistics Bureau (NSB) is engaged in a range of projects to improve Bhutan’s national accounts statistics.
- Updated annual GDP statistics signal an improvement in data quality, which should enhance policymakers’ ability to formulate and operationalize evidence-based decisions.
- Significant improvements to Bhutan’s national accounts statistics can be achieved using a three-step process.
- The NSB should keep in mind the need to incorporate methodological and conceptual/definitional revisions during the benchmarking and rebasing process.
Recommended approach and methodological guidance
- Implement a three-step process to achieve significant improvements in national accounts statistics (report references a three-step process; details are contained in the full report).
- During benchmarking and rebasing exercises, explicitly incorporate methodological and conceptual/definitional revisions to ensure coherence and accuracy of time series.
- Develop and apply methods for compiling quarterly GDP estimates to complement improved annual estimates.
Expected outcomes and policy relevance
- Improved annual GDP statistics and the development of quarterly GDP compilation methods are expected to enhance the NSB’s capacity to produce timely and reliable national accounts.
- Enhanced data quality should improve policymakers’ ability to formulate and operationalize evidence-based decisions.
Thematic coverage and keywords
- Subjects: Data collection, Economic and financial statistics, Financial institutions, Financial services, Insurance, Insurance companies, National accounts.
- Keywords: activities date, Asia and Pacific, CR, Data collection, GDP, GDP statistics, improvement program, Insurance, Insurance companies, ISCR, price statistics, South Asia, statistics, TA mission.
International Monetary Fund. Bhutan: Technical Assistance Report-SARTTAC Report on National Accounts Statistics Mission (Country Report No. 2018/079), March 23, 2018.
Content in this bundle
- Country Report